rebecca jarvis visited a tennessee museum at retreats the experience of the legendary ship. >> it may be 100 years since the titanic sank to the ocean floor. but the world is still captivated by her fateful voyage. >> if you have not heard about the grand staircase >> from belfast to halifax, >> welcome aboard titanic. >> to a tiny kitchen forced tennessee. >> the ship handles pitifully, it is designed for performance. >> people are lining up by the thousands to see the titanic as she was a century ago. >> that is the way the constellation looked that night. there was no moon out. there was no rain. you cannot see any water lapping against the iceberg. it was a combination errors that took place. >> visitors to the titanic museum in tennessee are transported back to 1912. they see life in the third class cabins, experienced a nightmare of trying to escape hellish scenarios. and the beauty of the ship before she was lost. there may be no better representation of the titanic's majesty, her opulence, and this, the grand staircase, with first- class passengers entry point to the biggest a

rebecca jarvis will be there. some of us have to work. >> i'm planning on giving out lots of ribbings tonight for both of us. >> i appreciate it. >> now we turn to lonnie for another check of the weather. >> you're going to the big shin dig? >> yes, i'm working on ribbing. afterwards, give me some ideas. >> tell them i said hi. this is what i've got for you, weather headlinewise. the rockies will be in winter today. you have to go above 4,000 feet but one to two feet of snow today. meanwhile, the tennessee valley will be seeing storms, just rain storms. nothing on the severe side. boy, springtime sputter in the northeast. let's take a look at satellite and radar picture. the northeast will actually have a pretty decent start to saturday. later in today more cloud will push in and from new york city south a rain chance. this sputtering of springtime it's all about the temperatures and all because have you to compare it to the warmth that was in place. i'm talking march being 9 degrees warmer than average. that's a

i'm jeff glor. >> i'm rebecca jarvis. as you know pthe titanic hit an iceberg 100 years ago tonight and i talked to james cameron about unsung heroes who helped save dozens of lives that fateful night. he has interesting things to say about who he attributes a lot of the lives saved to. the people on that boat who made the biggest difference. >> very interesting. >> look forward to hearing that interview soon. >>> is it the seven-year itch or the pressure from six kids? we'll talk more about the big engagement news we got yesterday. brad pitt and angelina jolie engaged to be married. >> and a new article says the best way to make your relationship stronger is to fight. so, we will tell you about the five arguments you should have with your spouse. that should, should not. >>> but first, the morning's news beginning with the of severe weather in the nation's midsection. dean reynolds is in oklahoma city and good morning to you, dean. good morning, rebecca. you can see some of the damage that was done here in norman, oklaho

rebecca jarvis. >>> time to show you headlines from around the globe. "the washington post" shows that ft. lauderdale work may have affected hundreds of people. it shows examiners at the fbi lab did sloppy work. >>> britain's telegraph has a story of a promising new treatment for prostate cancer. it involves heating tumors with a highly focused camera. nine out of ten patients are cancer-free after that treatment. so far there are no side effects. >> as more of us switch to cell phones, the united states say landlines may no longer be available in some areas. they're passing requirements that land lines have to be required to everyone. >>> "the boston globe" says heat caused some big trouble at monday's boston marathon. 2,100 runners were treated for dehydration and other ailments. >>> and the aniston star reports that national football team trophy was shattered over the weekend. a player's father tripped over it and broke the crystal ball. it's worth thn this national weather report sponsored by citi bank. write your story with the citi simplicity card

. >> i'm rebecca jarvis. this is "cbs this morning" saturday. >> we heard the plane flying and then all of a sudden there was just this terrible loud crash and everything shook. >> a navy jet slams into a virginia beach apartment complex. so far, no fatalities are reported. >> oh, my god! >> each and every one of you effective on monday are going to become a full-time member of the company. >> more job data but not at the pace experts had expected. ♪ >>> on this holy weekend, pilgrims begin to gather from rome to jerusalem. >> i can't get caught up in the glamour of it because god and all that, but i think serious about my work. >> after more than 40 years at the top of show business, dolly parton is reflecting on the secret of her success. those stories -- >> prolific painter thomas kincaid died at the age of 54. >> right back in contentious. >> on "cbs this morning: saturday," april 7, 2012. >>> welcome, everyone. thanks for joining us. there's a lot of news to get to this holiday weekend. you saw the pil

. >> and i'm rebecca jarvis. this is "cbs this morning: saturday." >> the judge decided that zimmerman could go free on $150,000 bail. >> i wanted to say, i am sorry for the loss of your son. >> trayvon martin's family is outraged. >> the pain that he has caused this family is going to be permanent. >> three members of the secret service have resigned tonight, bringing the number to six of those in the secret service who have lost their jobs. >> the scandal grows. >> a lot of people will just, i guess, say that this is boys being boys and boys will be boys, but they shouldn't be in positions of authority. >> the police and the fbi hope for a break in the 33-year-old disappearance of 6-year-old etan patz. >> we're cautiously optimistic we'll find evidence. >> the first missing child to appear on a milk carton. >> a chance for closure for a family whose son has been missing for 33 years. >>> and in london are a birthday fit for a queen, for the oldest monarch in the history of great britain. those stories -- >> us

rebecca jarvis. it's still hard to believe that somebody who has made millions or thousands of dollars, and in your piece you said the minimum salary is $390,000 which is a very, very good salary. it's hard to believe people would go broke. how does that happen? >> well, it's sort of like the lottery syndrome in some respects. you have somebody who relatively speaking has just come into the biggest amount of money in their lives. >> and they're too young, you think? >> not just too young but inexperienced. because you have fenra now actually helping and trying to help these individuals learn about it, but in many cases, the people who are going into the nfl, they don't have that education leading into it. they come in, like i mentioned, with debt. in order to get there in the first place. and then they have all of these scam artists that come out of the woodwork, looking at them, selling them investments and they have relatively little information to differentiate between what's actually good and wha

rebecca jarvis will tell us what this means for the economy. laura linney is joinining us li in studio 57. it won 11 one of the top box office sellers of all-time. 15 years later "titanic" is back but in >> it is 7:56 a.m. and time for news headlines from cbs five. sunnyvale based yahoo announced this morning it will cut 2000 jobs, the pioneering internet company has been struggling in recent years amid several changes of leadership. in a statement the new ceo scott thompson said that job cuts would allow got to focus on a smaller number of core priorities. the layoffs represent 14 percent of their workforce. a man suspected of killing seven people at an open trade school, 43 rolled long ago is expected to be arraigned today meanwhi,,, >> good morning, in the last few minutes we started to see some slow downs on northbound 883 oakland. you can see pass the coliseum, it is now a 25 minute commute between 230 and the macarthur maze. if you're heading to the bay bridge, traffic is backed up but not jammed up all the way to the macarthur day. maybe

rebecca jarvis will report the cover story. >> reporter: student debt tops a trillion dollars, and college tuitions across the country are climbing. >> the all in cost for next year will be $60,000. that's 60,000 for one year. >> for one year? >> for one year >> it's a crisis. every state, every school proposes 10% increases. >> reporter: college? is it still worth it? later on "sunday morning". >> charles: from the cover story we turn to an uncover story. the tale of a famous magazine is a collection of cover illustrations that for one reason or another didn't make the cut. this morning, mo rocca thumbs through the portfolio. >> we want the image that is are rel vantd, that will move you. >> cover images from the new yorker magazine. >> ideally, it's purely visual. >> some classic, and others classified. never before seen until now. this didn't make it last week with the secret service scandal. >> ahead on "sunday morning", uncovered. >> charles: the beach boys first hit the charts with songs of sun and surf, a half century ago. now after many setbacks, surf is up all over again with anth

rebecca jarvis is here. rebecca, what is it, exactly, and why is it worth so much money? >> first of all, this is a mobile photo sharing application. it's an application that lets you take a picture with your iphone or android and share it online on facebook and twitter. just a week ago it was valued at $500 million. this week facebook comes along and offers $1 billion. it has 30 million users and that puts it in a category that makes it more valuable right now than "the new york times," barnes & noble and some of these companies, callaway golf and names that we know and facebook sees a lot of value in it. >> why is it they see a lot of value in it? why do they want it and does it simply signal one more step in the battle for mobile technology? >> this is not only about how we access facebook, but also what we're doing when we go online now. about a fifth of our time on facebook is spent accessing online pictures, and if you think about what we're doing on facebook and what we're actually spending our time doing, 250 million photos a day are shared on facebook. so you can

. >> rebecca jarvis is here, what do they tell us? >> the headline is that employment gains are slowing in this country. 120 new jobs we-- 120,000 new je added, and it was the smallest job in five months. the unemployment rate did dip to 8.2%, but there are many who are looking at this number and saying with may not be as positive as they expect for a lowering unemployment. the unemployment rate accounts for those actively seeking work. if you're no longer actively seeking work, and many people have given up, you're not counted in that number and it does drop. there are two areas people are looking at most significantly. one is manufacturing which added jobs. manufacturing has been a strong place in the economic recovery, but retail which has also been relatively strong dropped. jobs dropped there when we saw a strong retail sales figure for the last couple months. that's a big question on people's minds as is what will the federal reserve do next. if their federal stimulus program is what many are pointing to as what helped sustain t

. >> rebecca jarvis is here with more. what are we expecting today? >> economists are expecting the recovery is on track. fewer jobs were added in march than february but jobs were added to the tune of about 200,000. that's actually something we've seen now for four straight months. it won't necessarily amount to a lower unemployment rate. we're thinking it may be somewhere in the range of 8.3% as of the march report. that really is about 3% higher than where you would want to see the unemployment rate in the best, in the normal circumstances. now, there have been some very much improving signs in the economy. if you look at consumer confidence, for example, we as the consumer account for 70% of the economy. we are more confident now than we've been in about two years. that has helped add itself to increasing retail sales overall. in addition to that we've seen more and more people going out and buying cars. this is something that is very interesting in an environment where you have gasoline prices near $4 a gallon across the country. people are buyin

rebecca jarvis is here this morning to put this in perspective for us. >> good morning. we absolutely do care. it's important to note apple is still going gang busters by most standards. the past few days have shown investors how big an influence the maker of ipads has on investor savings. apple's shares fell more than 4% yesterday, the biggest slide in six months. the selloff was bad news for the market overall. >> if the stock price craters, it would have a big impact on the s&p 500. with apple down sharply, the s&p was down. apple's drop is rattling more than just markets. it could be rattling your savings. >> people have substantial exposure to apple shares. >> the country's biggest mutual fund, fidelity contra fund has more than 9% of its investment in apple stocks and three of apple's biggest shareholders are retirement funds. >> rebecca jarvis, welcome. >> thank you. >> so what? >> so what. in good times, times were great for everyone's savings accounts and portfolios and retirement but in bad times we saw that power take out literally hundreds of billions? saving

rebecca jarvis is here. also with us is former labor secretary robert rice who teaches public policy at university of california, his latest book is "aftershock cloem"aftershock: the next economy and future." good morning. >> good morning. >> is this the next financial crisis? >> charlie, i don't think it's a financial crisis but it could be if the level of student debt continues to mount as we are seeing right now. i mean, a lot of students cannot get jobs in this economy. they have gone into additional education because they couldn't get jobs, but now they're finding that they have more debt they have to pay off and that additional education, although it will pay for itself over the long term, right now is a huge debt burden. >> so -- go ahead. >> mr. rice, the president and-n his state of union address said higher education shouldn't be a luxury. is that what it's becoming or has become in this country, do you think? >> undoubtedly the cost of college education is rising faster than inflation. so, it is b

jarvis will be reporting in our sunday morning cover story. >> tax day is upon us. americans everywhere are taking part in an age-old practice: last-minute filing. but what about that other longstanding tradition? >> ever since there have been tax collectors, there has been tax evasion. every empire in history, every government on the planet faces the problem of tax evasion. >> reporter: a visit to the i.r.s. later on sunday morning. >> osgood: they say a diamond is forever. nowhere is that more true than at the historic ballpark mo rocca will be taking us out to. >> reporter: whether the boston red sox are up.... >> behind the bag. >> reporter:... or down, they and their fans have always had a home at fenway park which opened 100 years ago this week. >> it is a living room. it is a backyard. it is a temple. it is all those things. >> reporter: ahead on sunday morning, a big birthday for fenway park and the green monster. >> osgood: many a woman and more than a few men, too, have fewer wrinkles instead of more as they get older. that's because of an f.d.a. decision

rebecca jarvis is here. reba ka, what is it exactly, and why is it worth so much money? >> well, first off, gayle, this is a mobile photo-sharing application. what that means is it's an application that lets you take a picture with your iphone or android and share it on line through services like facebook and twitter. it was valued at $5 million and this week face wook had offered a billion dlafrmts it makes it more valuable than "the new york times," barnes & nobile, calloway golf that we know much better than their name goes so facebook sees a lot of value. >> why do they want it and us the it signify the mobile technology? >> it is about mobile technology. more and more people are accessing the services like facebook on their phone as opposed to a computer at their desk. we spend about a fif october f our time when we're on facebook looking at photos and on facebook itself, 250 billion photos are shared on a daily basis. >>> police in tulsa, oklahoma, tell anna warner that two suspects charged in the shooting rampage are now confessed. all the victims are african-amer

. >> there he is, having a chat with rebecca jarvis. he's made 33 dives to the wreck of titanic. we'll find out what drives him to go back again and again. and we'll keep his take on the sale of titanic artifacts. more than one person says this is not appropriate. that's all ahead. stay with us. you're watching "cbs this morning." up next, your local news. ♪ >>> welcome back to "cbs morning news." >> when the titanic set out on its only voyage 100 years ago this week, it was the largest moving object ever created by man. this sunday the anniversary of the disaster. the wreckage site on the ocean floor will go under u.n. protection. we'll speak with james cameron about that and much more. before that, ben tracy reports on controversial sale of thousands of items from the wreck. >> reporter: for an entire century the titanic has rested in its watery grave, more than two miles below the surface of the atlantic ocean. paul henry nargeolet has been to the titanic six times. his company claimed the wreck in court in 1994. it owns the rights to all of the artifacts on and around the s

rebecca jarvis is here with important information for all of us. welcome. when someone passes away, who does inherit the debt? >> generally speaking the debt dies with the borrower and the estate goes towards covering whatever it can. so, let's assume, for example, and i want to put this in real teams -- let me say before we go into this, this is very important but it's important to discuss and there are a lot of scam artists looking to take advantage of people in these grieving moments. but i want to put it into context. let's assume you pass with $10,000 of debt. that $10,000 of debt, you also - have $2,000 of savings and $2,000 in addition of assets, so that could be stocks, antiques, property. ultimately what goes towards paying off the lenders, then, is that $4,000. however, there's this remaining $6,000 that people are saying, well, what happens there? that is eaten up by the lenders. so, family is not in a position to pay it. the spouse, if there's remaining spouse, is generally speaking not in a position to pay it. so, that goes towards paying off l

. >> there he is, having a chat with rebecca jarvis. he's made 33 dives to the wreck of titanic. we'll find out what drives him to go back again and again. and we'll keep his take on the sale of titanic artifacts. more than one person says this is not appropriate. that's all ahead. stay with us. you're watching "cbs this morning." up next, your local news. >> good morning. but to get you caught up with some bay area headlines. a bar brawl in fairfield ends with the man shot dead and another man in serious condition. officers are looking for two suspects in last night's shooting. people in the central valley cleaning up after a tornado touched down. the roof was torn off and debris was scattered, no injuries. bad weather causing dangerous driving conditions right now. look at this car that ended up in a ditch off of 101 near bird ave. the driver suffered a few cuts and bruises but should be ok. the driver suffered a few cuts and bruises but should be ok. >> it was an,, having one of those days? the driver suffered a few cuts and bruises but should be ok. >> it was an,, tired. grog

. >> there he is, having a chat with rebecca jarvis. he's made 33 dives to the wreck of titanic. we'll find out what drives him to go back again and again. and we'll keep his take on the sale of titanic artifacts. more than one person says this is not appropriate. that's all ahead. stay with us. you're watching "cbs this morning." up next, your local news. >>> at 26 minutes past 7:00 you are looking live there. it is a pretty nice day start. sharp sharon has got traffic right after marty's first. >> call it a high of 60. now, here is sharon gibala at wjz tv traffic control. good morning. >> hi, marty, good morning, everyone, it has been a busy morning from the get-go. we have a new accident on 29 at 70. another accident still in essex blocking southbound 702. take back river neck road. crash on route two in bay front, one in the city. brush fire east of the light rail station. fire activity also on north carrie street, in the west moser area. there is your speeds on the beltway, 30s on the top and the west side of the beltway. there is the delay on 95, this traffic report is brou